Board Appointments. (i) The Company agrees that immediately following the execution of this Agreement, the Board and all applicable committees of the Board shall take all necessary actions to (A) increase the size of the Board from nine (9) to twelve (12) directors (provided that the size of the Board shall automatically decrease to nine (9) directors at the conclusion of the Company’s 2020 Annual Meeting of Stockholders (the “2020 Annual Meeting”)) and, in connection therewith, expand the number of directors comprising each of the Class II and Class III directors of the Board by one (1) and two (2), respectively, (B) appoint Xxxx Xxxxx to the Board as a Class III director with a term expiring at the 2020 Annual Meeting, who will fill an existing vacancy among the Class III directors created by the expanded classes (the “First Independent Designee”), (C) appoint one (1) independent director to the Board prior to the 2020 Annual Meeting as a Class II director with a term expiring at the Company’s 2022 Annual Meeting of Stockholders (the “Second Independent Designee”, together with the First Independent Designee, the “Independent Designees”), with such Second Independent Designee to either be selected from the Candidate List (as defined below) or mutually agreed upon between the Company and Starboard in accordance with the procedures set forth in Section 1(a)(iii) of this Agreement, and who will fill the existing vacancy among the Class II directors created by the expanded classes, (D) identify and appoint one (1) additional independent director (the “Additional Independent Director”) to the Board prior to the 2020 Annual Meeting as a Class III director with a term expiring at the 2020 Annual Meeting, who will fill an existing vacancy among the Class III directors created by the expanded classes, (E) cause Xxxxx Xxxxx and Xxxx X’Xxxxxxxx not to stand for re-election at the 2020 Annual Meeting such that the Board shall nominate the following individuals, and only the following individuals, as Class III directors for election to the Board at the 2020 Annual Meeting for terms expiring at the Company’s 2023 Annual Meeting of Stockholders (the “2023 Annual Meeting”): the First Independent Designee, Xxx Xxxxxxxxx and the Additional Independent Director, and (F) accept the resignation tendered by Xxxx Xxxxx as a director of the Company, who the Company hereby represents has submitted, or shall no later than the date hereof submit, an irrevocable letter of resignation to the Board that...
Board Appointments. The Company agrees that immediately following the execution of this Agreement, the Board and all applicable committees of the Board shall take all necessary actions to (A) accept the resignations tendered by the current Class I members of the Board (as disclosed in the Company’s proxy statement with respect to its 2020 annual meeting of shareholders) as directors of the Company, who the Company hereby represents have submitted, or shall no later than the date hereof submit, letters of resignation to the Board that will become effective immediately prior to the appointment of the New Directors (as defined below) to the Board and (B) appoint Xxxxx Xxxxxxxx and Xxxxxxx X. Xxxxxx (each a “New Director” and collectively, the “New Directors”) as Class I members of the Board, each with a term expiring at the 2021 Annual Meeting. The Company agrees that it will nominate the New Directors for election at the 2021 Annual Meeting as directors and will recommend, support and solicit proxies for the election of the New Directors at the 2021 Annual Meeting in the same manner as it traditionally recommends, supports and solicits proxies for the election of the Company’s other director nominees.
Board Appointments. 4 3.4 Conversion of Shares of Series B Common Stock into Shares of Original Common Stock ....................................................... 5 3.5 Number of Authorized Shares of Series B Common Stock ................ 6
Board Appointments. (i) The Company agrees that the Board and all applicable committees and subcommittees of the Board shall take all necessary actions, effective immediately following the execution of this Agreement, to (A) accept the resignations of all existing members of the Board, such resignations to take effect immediately prior to the appointment of the Agreed Appointees (as defined below) to the Board, other than Xxxxx X. XxXxx, Xxxxxxx X. Xxxxx, Z. Xxxxx Xxxxx, and Xxxxx X. Xxxxxx (the “Continuing Directors”), and (B) nominate and appoint Xxxxxxx ‘Xxxxx’ Xxxxxxx, Xxxxxx Xxxxxxx, Xxxx Xxxx, Xxx Xxxxxxxxxxx and Xxxxxxxx Xxxxxx (the “Agreed Appointees”) as directors of the Company. Until a Chairman or Executive Chairman of the Board is appointed in accordance with Section 1(b) below, Xxxxx X. Xxxxxx shall remain Chairman of the Board.
Board Appointments. 9.1 The Chief Executive shall:
Board Appointments. Upon initial hiring for a supplemental head coaching position, the candidate shall be granted a two year contract. At the end of the first year, each candidate will be granted a one year extension if he/she receives a satisfactory evaluation. If he/she receives a satisfactory evaluation at the end of the first contract year, a one year contract extension will be recommended to the board for approval. The one year extension shall be based on the recommendation of the athletic director, the evaluation, and the coach's performance in light of the established goals for the preceding sports season and contingent upon board approval. Subsequent appointments to a one year term will follow the same criteria, and where reappointments are for a one year term, a plan for improvement may be implemented as a means of strengthening the coach's performance. All other appointments to coaching positions and activity sponsorship shall be for one year. Accordingly, the Board may authorize the posting of positions annually. The Board also retains the discretion to appoint an incumbent to a supplemental contract position without advertising. SHALER AREA SCHOOL DISTRICT No: 701.1 SECTION: PROPERTY TITLE: NAMING/RENAMING DISTRICT FACILITIES ADOPTED: DECEMBER 9, 2009 701.1. NAMING/RENAMING DISTRICT FACILITIES
Board Appointments. (i) The Company agrees that immediately following the execution of this Agreement, the Board shall take all necessary actions to: (A) increase the size of the Board from nine (9) to eleven (11) directors (provided that the size of the Board shall automatically decrease to ten (10) directors at the conclusion of the 2024 annual meeting of Company stockholders (the “2024 Annual Meeting”)); and (B) appoint Xxxxxxxx Xxxxx, a Partner of Starboard Value LP (the “Starboard Appointee”), and Xxxxx Xxxxxx (the “Independent Appointee” and, together with the Starboard Appointee, the “New Directors”). The Company agrees that, provided that each New Director is able and willing to continue to serve on the Board, the Company will include each such newly appointed New Director in the Company’s slate of recommended nominees standing for election at the 2024 Annual Meeting and will recommend, support and solicit proxies for the election of the New Directors at the 2024 Annual Meeting in the same manner as for the Company’s other nominees at the 2024 Annual Meeting. The Company agrees that the Board shall nominate only ten (10) individuals for election to the Board at the 2024 Annual Meeting, including the New Directors and eight (8) other incumbent directors of the Company. The Company shall use its reasonable best efforts to hold the 2024 Annual Meeting no later than May 30, 2024.
Board Appointments. (i) The Company agrees that immediately following the execution of this Agreement and receipt of customary background checks by the Company (which shall be completed as soon as practicable), the Board and all applicable committees of the Board shall take all necessary actions (including by increasing the size of the Board) to appoint (i) Xxxxx X. Xxxx (the “Starboard Appointee”) and (ii) Xxxxxxx Xxxx and Xxxx Xxxxxxx (the “Independent Appointees” and together with the Starboard Appointee and the Additional Independent Appointee (as defined below), the “Appointed Directors”) as directors of the Company. The Starboard Appointee and the Independent Appointees shall stand for election at the 2016 annual general meeting of stockholders of the Company (the “2016 Annual General Meeting”) together with the Company’s other nominees.
Board Appointments. The Company shall have nominated and approved the appointment to its Board of Directors of two persons designated by the Lender in its sole discretion, such appointments to be confirmed subsequently by the Company's shareholders at the next regularly scheduled shareholders' meeting.
Board Appointments. Subject to the terms hereof and contemporaneously herewith:
